|
| |
| | Profit - Wikipedia, the free encyclopedia |
 | | Economic profit is sometimes referred to as supernormal profit and accounting profit as normal profit. | | | Profitability refers to the amount of profit received relative to the amount invested, often measured by a rate of profit or rate of return on investment. | | | Net profit after tax is after the deduction of either corporate tax (for a company) or income tax (for an individual). |
|
http://en.wikipedia.org/wiki/Profit
(808 words)
|
|
| |
| | Boyes/Melvin Chapter Overview and Strategies |
| | Stress that economic profit equals total revenues minus total costs including all opportunity costs, while accounting profit equals total revenues minus total costs except for the opportunity cost of capital. | | | Accountants and economic profit: Accountants do not present economic profit in financial statements primarily because of the difficulty of calculating the cost of capital. | | | Economic costs are direct costs plus implicit costs. |
|
http://college.hmco.com/economics/boyes_melvin/shared/faculty/chov23.html
(1041 words)
|
|
| |
| | Lecture 15 Notes |
| | Economic Profit = Accounting profit - implicit costs | | | These implicit costs are part of the costs of doing business so we subtract it from accounting profits to get economic profit. | | | Remember that from now on, costs always include the opportunity costs of capital, the implicit costs, and that profits always means economic profits. |
|
http://www2.yk.psu.edu/~dxl31/econ2/lecture15.html
(503 words)
|
|
| |
| | Lecture: March 24 |
| | Economic profit is defined as total revenue minus explicit and implicit costs. | | | Accounting profit is defined as total revenue minus explicit costs. | | | Normal profit plus economic profit equals accounting profit. |
|
http://www-unix.oit.umass.edu/~folbre/econ103/Lectures/lect3_24.htm
(769 words)
|
|
| |
| | Profits Perspective_What Is It |
| | Thus, the profits approach facilitates analysis of the effects of economic activities on household, corporate, and government balance sheets and conversely, the impact of changes in balance sheets on profits and economic activity. | | | The foundation of the profits perspective is the equation for total business sector profits, which is also called "the profits identity." On this foundation is built a broad, adaptable view of the economy that highlights the economic activities that determine the magnitude of total business sector profits and the influence of profits on subsequent activities. | | | The profits perspective is a view of the operation of the economy that focuses on the specific transactions and corresponding flows of funds that determine total business profits. |
|
http://www.levyforecast.com/page2_2a.htm
(795 words)
|
|
| |
| | OECD Glossary of Statistical Terms - Profit |
| | Economic profits are not the same as accounting profits. | | | However, economic profits are not observable and use must be made of accounting profits. | | | In accounting, profits are simply the excess of revenues over the explicit costs of obtaining the revenues. |
|
http://cs3-hq.oecd.org/scripts/stats/glossary/detail.asp?ID=3288
(211 words)
|
|
| |
| | Econoday Reports - Corporate Profits December 22, 2004 |
| | Profits from current production (corporate profits with inventory valuation and capital consumption adjustment), are also known as operating or "economic" profits. | | | Corporate profits, as reported by the Bureau of Economic Analysis (BEA), are summarized briefly as the income of organizations treated as corporations in the national income and product accounts. | | | After tax profits are book profits after taxes are subtracted. |
|
http://mam.econoday.com/reports/US/EN/New_York/corporate_profits/year/2004/yearly/12
(344 words)
|
|
| |
| | Microeconomics - Chapter 9 |
| | So, normal profit (or "normal accounting profit" as your text defines it) is an economic cost that is not counted as an accounting cost. | | | If the owners of a firm economic profits, this means that they are receiving a rate of return on the use of their resources that exceeds that which can be received in their next-best use. | | | Since economic costs include both implicit and explicit costs while accounting costs consist (almost exclusively) of explicit costs, economic costs are virtually always greater than accounting costs. |
|
http://www.oswego.edu/~economic/eco101/chap9/chap9.htm
(1817 words)
|
|
| |
| | CHAPTER 21 |
| | Economic profits are the difference between total revenues and the sum of explicit and implicit costs, while accounting profits are the difference between total revenues and explicit costs. | | | If any after-tax profits are distributed to shareholders as dividends, such payments are treated as personal income to the shareholders and subject to personal taxation. | | | The profits of the corporation are subject first to corporate taxation. |
|
http://www.coco.cc.az.us/pholbrook/ecn_205/Chapter_notes/CHAPTER21_notes.htm
(1258 words)
|
|
| |
| | GP Solo & Small Firm Lawyer - January/February 1999 |
| | Profits and losses will be credited to or debited from capital accounts, and liquidating distributions will be made in accordance with the capital accounts. | | | As profits and losses increase or decrease capital accounts, the profits and losses are allocated in accordance with the agreement so that when the organization is liquidated, the amounts distributed to each owner would continue to reflect the owners’ agreement. | | | Ignoring the economic concepts as incomprehensible tax boilerplate is a mistake because the economic structure of an organization controls not only taxes but also how the owners share in the economic results of the organization. |
|
http://www.abanet.org/genpractice/lawyer/complete/99jankeatinge.html
(3409 words)
|
|
| |
| | [No title] |
| | Normal profit is the case where total revenues of a firm a just sufficient to cover all costs (both explicit and implicit). | | | Economic profit is zero when a firm is making a normal profit. | | | Since in long-run equilibrium, there are no economic profits, there are no entrepreneurial profits. |
|
http://www.spelman.edu/~jstone/e301-991/comhw1-spring2003.html
(499 words)
|
|
| |
| | Northern Trust Economic Research |
| | Economic profits are those emanating from current production or operations. | | | The various economic profits series are calculated by the Commerce Department using IRS underlying source data. | | | To capitalize profits, I divided expected profits for any given quarter by a bond yield (actually, the bond yield divided by 100) that obtained for that given quarter. |
|
http://www.ntrs.com/library/econ_research/weekly/us/020614.html
(625 words)
|
|
| |
| | Global Insight // Our Perspective |
| | For the calendar year 2003, economic profits were up 18.3%, passing the $1 trillion mark for the first time ($1070 billion). | | | The strong growth in profits should make companies more confident about adding to their payrolls. | | | Wealthier households who benefit from profit gains may or may not raise their spending. |
|
http://www.globalinsight.com/Perspective/PerspectiveDetail853.htm
(559 words)
|
|
| |
| | [No title] |
| | Since economic profits equal negative $1,000 and since accounting costs do not include opportunity costs, whether accounting profits are greater than or less than zero depends on the magnitude of the opportunity costs. | | | At the profit maximizing level of output for a local glass manufacturer, total revenues equal $5,000 and total economic costs equal $6,000. | | | The firms accounting profits could be greater than or less than zero. |
|
http://www.indiana.edu/~econjw/fall04-s201/top7.htm
(407 words)
|
|
| |
| | Understanding Economic Value Added |
| | Economic Profit Is Free Cash Flow "Sliced Up" Financial theory - that is, the discounted cash flow (DCF) model - says that the intrinsic value of a firm equals the present value (also known as "discounted value") of its future free cash flows. | | | Examining the components of economic profit and studying the finer points of its calculation require an understanding of its underlying principles. | | | Economic profits represent the portion of free cash flows after a capital charge is subtracted. |
|
http://www.investopedia.com/university/EVA/EVA1.asp
(1666 words)
|
|
| |
| | [No title] |
| | Economic profits are positive and are between p* and ATC* for all Q* units. | | | The new profit maximizing quantity is 3 units of output at a price of $1.00. | | | Since economic profits are positive, new firms are attracted to the industry. |
|
http://www.mtsu.edu/~cbaum/242topic10.doc
(1959 words)
|
|
| |
| | Economic Profits |
| | economic profits, which calculates profits while including opportunity cost as a cost of doing business. | | | accounting profits, which is the difference between a firm’s revenue and its explicit costs, and | | | The previous exercise was based on the assumption of fixed costs of $100 and variable costs that relate to the workers’ wages ($20/worker). |
|
http://www.clt.astate.edu/marburger/new_page_113.htm
(251 words)
|
|
| |
| | Bloomberg.com: Bloomberg Columnists |
| | The implied figure for second-quarter profits is $882.6 billion, which would represent an increase of 12.4 percent from a year ago and 8 percent from the first quarter, according to Joe Carson, Director of Global Economic Research at Alliance Capital Management. | | | The source for NIPA profits is tax returns filed with the Internal Revenue Service. | | | Aug. 15 (Bloomberg) -- When the Commerce Department reports on second-quarter corporate profits on Aug. 28, its measure of economic profits, or profits from current production, is likely to exceed the previous peak set in the third quarter of 1997. |
|
http://quote.bloomberg.com/apps/news?pid=10000039&refer=columnist_baum&sid=aq1UCQsjw_gE
(890 words)
|
|
| |
| | [No title] |
| | Positive economic profit = The firm is earning more than the opportunity cost of the owner's inputs. | | | Negative economic profit = The firm is earning less than the opportunity cost of the owner's inputs. | | | Economic profit = Total Revenue - Opportunity cost of purchased and hired inputs - Opportunity cost of the owner's inputs |
|
http://lamar.colostate.edu/~alex/ec102/lectures/s102lec9.htm
(663 words)
|
|
| |
| | NCPA - Daily Policy Digest - Why Profits are Trending Down |
| | Indeed, to the extent that companies have been able to offset some of the decline in gross profits by using the law to reduce their taxes, it has moderated the decline in after-tax profits. | | | At the end of the day, after-tax profits are what matter, because that is what is left over to finance investment and pay the dividends upon which stock prices are based. | | | Whereas gross profits have fallen by about a third since the 1960s, after-tax profits have only fallen by about a quarter. |
|
http://www.ncpa.org/iss/eco/2002/pd102102a.html
(358 words)
|
|
| |
| | [No title] |
| | B) equal to economic profits because accounting costs include all opportunity costs. | | | Accounting profits are typically: A) greater than economic profits because the former do not take explicit costs into account. | | | If the firm sold 4,000 units of its output at $300 per unit, its accounting profits were: A) $100,000 and its economic profits were zero. |
|
http://www.tc.cc.tx.us/~srivas/91011.doc
(1288 words)
|
|
| |
| | [No title] |
| | Economic Versus Accounting Profits Example: I quit my job paying $50,000 per year to start a consulting firm I take $100,000 out of bank account paying 5% interest per year for startup capital. | | | We assume the goal of firms is to maximize profits: Profits = Total Revenues - Total Costs Revenue = amount received by firms from product sales = price x quantity supplied (p x q) ex. | | | Profits divided among stockholders who have limited liability Profit-Maximization 1. |
|
http://www.uncg.edu/eco/cjruhm/eco201/Ec201lh5.doc
(597 words)
|
|
| |
| | ProdCost |
| | the profits reported by accountants on a firm's annual financial statement. | | | In the first year, his accounting profits are $70,000. | | | What were Jon's economic costs while attending college? |
|
http://www.csupomona.edu/~jlmartinez9/SampleTest8.htm
(714 words)
|
|
| |
| | Economic Value Added - Computerworld |
| | An economic profit means that a business generates returns similar to an investment in the stock market. | | | Basic accounting practices define a profit as revenue minus costs. | | | At any rate, the class would typically start with the professor striding slowly to the front of the room and announcing that "accounting profits are not economic profits." He would peer over his spectacles to see if any wide-eyed freshman had even a glimmer of the profundity of this statement, then he would sigh. |
|
http://www.computerworld.com/managementtopics/management/itspending/story/0,10801,53001,00.html
(1701 words)
|
|
| |
| | Brian Krug |
| | I strongly agree that economic and accounting profit are vital in determining the companies maximum profits earned. | | | In addition, economomist views a firm by the economic profit, implicit costs, and explicit costs. | | | Explicit costs, while economic profits determine revenue by Total Revenue - Total Implicit and Explicit Costs. |
|
http://www.assumption.edu/users/twhite/110w8/BrianKrug.html
(219 words)
|
|
| |
| | Accounting and Economic Profits |
| | If firms are earning zero economic profits (normal profits), there is no incentive for new firms to come nor is there a reason for firms to leave. | | | If firms are earning economic profits, new firms will be attracted to the industry. | | | If firms are earning economic losses, some firms will leave to go to a more profitable industry. |
|
http://www.faytech.cc.nc.us/~burnsc/eco251/profits.htm
(131 words)
|
|
| |
| | NCPA - Economic Issues - Profits, Not Inflation, Lifting Wages |
| | Pretax profits margins of financial corporations surged to 20 percent late last year -- from 15.3 at the end of 1996 -- despite more generous payouts to employees. | | | In some sectors of the economy, productivity and profit increases -- rather than tight labor markets and inflation -- are pushing up wages, according to economist James Glassman of Chase Securities Inc. | | | Private sector compensation growth -- which measures changes in both wages and benefits -- accelerated to 3.4 percent at the end of 1997 from 3.1 percent the year before. |
|
http://www.ncpa.org/~ncpa/pd/economy/pdeco/mar98ff.html
(178 words)
|
|
| |
| | Bank Director Magazine - Low Margins and High Profits: An Economic Conundrum |
| | For once, the fiscal and monetary policy had been set early on and thus was well prepared to meet oncoming economic problems. | | | The banking system remained strong and profitable during the slowdown. | | | In the words of the Fed, “Inflation is well contained,” and the reaction of the market shows 10-year government bonds paying an interest rate that is around 4% lower than a year ago. |
|
http://www.bankdirector.com/issues/articles.pl?article_id=11701
(568 words)
|
|
| |
| | Boyes/Melvin Economics: Fundamental Questions |
| | Firms create profits by doing something that others aren't doing. | | | If new competitors opened restaurants to compete with Joe, his economic profits would eventually disappear. | | | If Joe could create some barrier that prevented other people from opening competing restaurants, Joe could keep on getting economic profits into the future. |
|
http://college.hmco.com/economics/boyes_melvin/fund/student/fq06.html
(303 words)
|
|
| |
| | OBC warns of fall in profits- The Economic Times |
| | Narang refused to specify the amount of dip in profits, expected to be suffered by OBC. | | | NEW DELHI: Oriental Bank of Commerce on Friday said its profit will dip this fiscal due to acquisition of the ailing Global Trust Bank and hinted at another round of VRS to cut its excess flab. | | | OBC warns of fall in profits- The Economic Times |
|
http://economictimes.indiatimes.com/articleshow/954491.cms
(214 words)
|
|
| |
| | [No title] |
| | At any price: P = MC for the profit maximizing PC firm and since P=MR this also gives the profit maximizing level of output q* - which the firm will produce as long as P>AVC. | | | If PC firms are making positive economic profits in the SR what happens to the industry in the LR? | | | GRAPHS - SR profits of the PC firm: |
|
http://lamar.colostate.edu/~alex/ec102/lectures/s102lec13.htm
(556 words)
|
|
| |
| | [No title] |
| | There is a market for information that can indicate future profits. |
|
http://www.ucd.ie/economic/staff/dscully/Micro/Lecture5.ppt
(901 words)
|
|
| |
| | Inventory liquidation pads up sugar cos' profits - The Economic Times |
| | However, while the sugar cycle has undoubtedly turned for the better, the first quarter FY05 profits are inflated because of inventory liquidation by companies. | | | Inventories can sometimes have a considerable effect on net profits. | | | For example, net profits for Q1 of Balrampur Chini in ‘05 show a 200% growth, Bajaj Hindustan’s profits are up 11 times, Bannari Amman shows a 225% in Q1 growth of ‘05. |
|
http://economictimes.indiatimes.com/articleshow/830322.cms
(189 words)
|
|
| |
| | Tribes Turn Casino Profits into Economic Tool |
| | WASHINGTON â“ As reported by the Puget Sound Business Journal: "Many Washington tribes are using newfound casino earnings to finance other economic development projects, raising the possibility that the boom in tribal gaming will have a lasting role in reducing poverty in Indian Country. | | | "East of Auburn, in South King County, the Muckleshoot Indian Tribe is spending its casino earnings on projects that are intended to improve the health, housing, education and economic standing of the tribe. | | | "â¦A lot of the money is spent on long-term economic development. |
|
http://www.casinocitytimes.com/news/article.cfm?contentID=139340
(400 words)
|
|
| |
| | Accounting and Economic Profits Version 1 |
| | Calculate the amount of accounting profits and economic profits. | | | Her yearly total revenues, explicit costs, and implicit costs are shown below. | | | Next, determine if the number of restaurants in each question will increase, decrease, or remain the same. |
|
http://www.faytech.cc.nc.us/~burnsc/eco251/acceco.htm
(190 words)
|
|
| |
| | Principles of Microeconomics, 1st Canadian Edition Pre-Test |
| | Suppose all firms in a perfectly competitive industry are experiencing economic losses to varying degrees. | | | The Quest for Profit and the Invisible Hand | | | Switching from a Ph.D. in economics to finance because finance salaries are higher. |
|
http://highered.mcgraw-hill.com/sites/0070889740/student_view0/chapter8/pre-test.html
(270 words)
|
|
| |
| | Profits and rates of return in OECD countries |
| | The purpose of this study is to assess whether there has been a secular decline in profits and rates of return and to quantify it as far as possible, taking measurement problems into account. | | | Profits and rates of return in OECD countries |
|
http://www.oecd.org/LongAbstract/0,2546,en_2649_34109_1874458_1_1_1_37435,00.html
(84 words)
|
|
| |
| | Tribune Times - Trade center could yield big economic profits |
| | That relationship helped boost the idea of the global trade center. | | | Tribune Times - Trade center could yield big economic profits | | | In 1984, Tianjin was short-listed as one of 14 coastal cities to be opened up to foreign investment. |
|
http://tribunetimes.com/news/2005/03/08/2005030860154.htm
(1216 words)
|
|
| |
| | JS Online: Non-profits feel economic pinch |
| | And some companies have canceled events for this year and have rescheduled for 2002. | | | But they might wait for the stock market to rebound to deliver on their pledges, he said. | | | "Even with an economic downturn, they have tons of money and can create their own charities and public causes." |
|
http://www.jsonline.com/news/wauk/may01/tight28052701a.asp
(1012 words)
|
|
| |
| | Find in a Library: Profits in economic theory |
| | Find in a Library: Profits in economic theory | | | WorldCat is provided by OCLC Online Computer Library Center, Inc. on behalf of its member libraries. | | | To find a library, type in a postal code, state, province, or country. |
|
http://www.worldcatlibraries.org/wcpa/ow/af27f9f588d8bcb8.html
(37 words)
|
|
|
